Dow plunges a day after historic 1,000-point rally

The Dow Jones industrial average roared more than 1,000 points in late afternoon as stocks snapped a four-day losing streak that had placed the 10-year bull market on the edge of death on Monday.

Futures of both the Dow Jones Industrial Average and the S&P 500, which were recently flirting with bear territory, plunged at least 1.4% in early morning NY trading on Thursday. The Nasdaq Composite Index advanced 361.44 points, or 5.84 percent, to 6,554.36. The S&P 500's year-to-date loss is a smidgen higher.

"It was probably a pretty good retail-oriented holiday and that probably has a lot to do with what's happening today", said Kim Forrest, a senior portfolio manager at Fort Pitt Capital Group.

Markets were roiled ahead f the Chrismas break due to a number of political headlines taking the limelight.

USA stocks shake off slide with late-afternoon rally
Other major indices including the S&P 500 and Nasdaq also rebounded after a tumultuous session on Christmas Eve. Amazon (AMZN), Facebook (FB), Alphabet (GOOGL), Netflix (NFLX) and Apple ( AAPL ) all fell between 1% and 3%.

"Markets are becoming more rattled by criticism of the Fed", said Kristina Hooper, Invesco chief global market strategist.

Erik Nielsen, the chief economist at UniCredit Bank in London, went as far to say during an interview with the Wall Street Journal that the volatility in USA markets is "turbocharged" by the abrupt policies implemented by the government, and the recent downturn of the market could lead the US into a full-blown recession by 2020.

Mnuchin on Monday held a call with USA regulators to discuss plunging US stock markets. Energy companies fell along with the price of oil.

Traders work at the New York Stock Exchange in New York, the United States, Dec. 26, 2018.

A Mastercard report that sales during the U.S. holiday shopping season rose 5.1pc to over $850bn in 2018, the strongest in the past six years, helped stocks, as did the higher crude prices. Meanwhile, consumers continued to spend on home improvements, pushing holiday sales in that category up 9%. The index is still clocking its biggest percentage drop in any December since the Great Depression and roughly three-quarters of its stocks are in bear market. Also, mortgage rates have come down recently, but they still remain higher than they were a couple years ago.

Ten of the S&P's 11 sectors are in correction coming into Wednesday, although all were higher in early trades.

The decline in oil prices weighed on energy stocks.

Sales in the 2018 USA holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report. The Dow sank more than 2 percent, then recovered almost all of the day's losses, before again falling more than 2 percent. Korean shares tumbled after a holiday, and Shanghai stocks fell for a second day.

Related News:

Turkey conducted a second offensive with Syrian rebels against the YPG in its northwestern enclave of Afrin in January this year. A delegation of the Syrian Democratic Council, the political wing of SDF, arrived in Russian Federation last week for talks.

The allegations were first made late previous year by former Boston news anchor Heather Unruh , who said the victim was her son. The then 18-year-old, a busboy at the restaurant, sent a Snapchat video to his girlfriend to prove the encounter occurred.

Hammoud said they are now preparing to take on Manbij, adding that deploying to areas to the south will come later. Sean Robertson, said the execute order for withdrawal from Syria has been signed but provided no further details.

Meanwhile, ZTE and Huawei already have plenty of equipment installed through our country, most notably in rural regions. A bill in August barred the U.S. government from buying Huawei and ZTE equipment.

The GPS III will go into medium-Earth orbit roughly one hour and 56 minutes after liftoff, according to the SpaceX press kit . The company didn't bring its Falcon 9 rocket booster back in for a landing due to the Air Force's mission requirements .

We will cut into our programming each time we get footage from NORAD and let you know where Santa is located. Want a little more information about NORAD's Santa Tracker while you're following Santa's travels?

Two North Texas Sears stores will close in three months as part of the troubled company's ongoing efforts to remain afloat. Sears has suffered for years, as USA consumers increasingly turned their backs on brick-and-mortar stores.

Their main role is to support the Baghdad regime's forces in their continuing fight to remove Islamic State from the country. Trump criticized his predecessor, Obama, for withdrawing troops too quickly from Iraq, claiming it allowed for ISIS' rise.

In the past two years, Turkey has conducted two offensives into northern Syria, dubbed "Euphrates Shield" and "Olive Branch". The minister also said Ankara and Washington have agreed to complete a roadmap on Manbij until the United States withdraws.

Some reports told of people unable to get gas as card readers shut down at some gas stations, and others of ATM's glitching. The company is working to resolve the problem, and service has been restored in some areas, such as MA .

The disaster took people by surprise in a country that regularly suffers landslides, earthquakes and volcanic eruptions. The death toll following the disaster reached 430 people, and almost 1,500 were injured.

Bumrah barrage puts India in charge in Melbourne
Just before the end of the first session, Bumrah came stronger and trapped Shaun Marsh (19) LBW to leave Australia reeling. The final three wickets came in a nine-ball burst to wipe out the Australian tail, ensuring a massive lead for India.

Blizzard warning, more snow and wind expected
A National Weather Service report warns to expect reduced visibility, particularly Thursday and Friday from snow and blowing snow. This year, Christmas Day had temperatures change little from the daytime high of 26 degrees to the overnight low of 22 degrees.

Iraq Demands US Troop Withdrawal After President's Trip
Mr Trump had planned to spend Christmas at his private club in Florida, but stayed behind in Washington due to the shutdown. The president said that because of gains made against ISIS in Syria, US forces there were able to return home.

Three dead in Libya's foreign ministry attack in Tripoli
The three attackers were suspected to be Islamic State militants, the security source, who requested not to be named, said. At least three members of staff were killed and 21 others were wounded, health ministry spokesman Wedad Abo Al Niran said.

Packers should pursue free safety D.J. Swearinger
With Giants Pro Bowl safety Landon Collins injured, Swearinger could wind up being named to the Pro Bowl as a replacement. In 20 games with the Cardinals in 2015 and 2016, Swearinger posted three interceptions, two sacks and a forced fumble.

Big winter storm on track for later in week
Temperatures could once again spike into the upper 50s and lower 60s! Expect sunshine and cooler temperatures. It will stay mild and misty overnight with temperatures not lower than 9 or 10 degrees in light breezes.

Indonesian Band Gets Washed Off Stage In Video Of Tsunami
Among the victims were members of the Indonesian rock band called Seventeen, who were performing on stage as the tsunami hit. Relatives weep as they identify their loved ones' remains in the yellow and orange body bags laid out in the muddy streets.